The 100% First-Year Allowance on business investment is a costly upfront giveaway that strains public finances.

A more sustainable system would be to replace this with a standard Writing Down Allowance.

This would mean businesses claim tax relief on assets gradually, over there useful and productive life.

Clear guidelines would define the write-off period for different assets, with a default of five years, rather than allowing the full cost to be claimed at once.

The impact on public finances would be immediate: a significant boost to cash flow, a reduction in National borrowing, and millions saved in interest payments.

This isn't about discouraging growth. Major investment decisions are driven by market demand and long-term strategy, not the timing of a tax break.

This reform simply aligns tax relief with economic reality, ensuring businesses receive the full benefit over a more sustainable timescale.